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DEVELOPMENT DEAL. Prime Development Opportunity R3 Lot with Partial RTIAn exceptional opportunity for developers and investors! This R3-zoned lot comes with a partially RTI (Ready-To-Issue) permit, having already passed Planning and currently awaiting approval from the Building and Safety Department. The proposed project is sited for a 20-unit build, consisting of 16 primary units plus 4 ADUs on the ground floor, maximizing the lot's development potential.Located in a high-demand area with strong rental upside, this property is ideal for those looking to capitalize on Los Angeles's growing need for multi-family housing. With much of the entitlement process already completed, this is a rare chance to step into a nearly shovel-ready development with significant upside.Don't miss this outstanding investment opportunity to build a high-yield asset in a desirable neighborhood. The home currently is a Single Family. Floors have been redone, home has been painted inside and out, new Kitchen, new bathrooms, has never been lived in. Large lot of almost 7k sq feet with a newly constructed backyard. This beautiful home is move in ready. Location is ideal, min from Beverly Grove and a few blocks from Freeway. Easy to show and could be leased furnished as well. Already cash flowing at $4,800/ month with tenant in place month to month
Property Type(s):
Single Family
| Last Updated | 5/21/2025 | Year Built | 1925 |
|---|---|---|---|
| Community | Mid Los Angeles | Garage Spaces | 2.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Gas Cooktop, Refrigerator, Vented Exhaust Fan, Washer |
| AREA | Mid Los Angeles |
| FIREPLACE | Yes |
| GARAGE | None, Yes |
| HEAT | Floor Furnace |
| INTERIOR | Separate/Formal Dining Room |
| LOT | 6888 sq ft |
| LOT DIMENSIONS | 55x125 |
| PARKING | None |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| STYLE | Craftsman |
| VIEW DESCRIPTION | None |
| ZONING | LAR3 |
Location
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Listed with Christie's International Real Estate SoCal
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